CBN partners ACAMB on cashless policy

The Central Bank of Nigeria has expressed its readiness to work with the Association of Corporate Affairs Managers of Banks towards educating the Nigerian public on the soon-to-commence cashless society initiative.A statement by the association on Monday quoted the Deputy Governor, Operations, CBN, Mr. Tunde Lemo, as saying that there was the need for a comprehensive information management approach aimed at explaining the objectives and benefits of the initiative to all stakeholders.He pointed out that the success or failure of any initiative depended largely on the buy-in of the ultimate beneficiaries of the initiative.The President, ACAMB, Mr. Babatunde Shofowora, said that the association was committed to partnering the CBN and other regulatory bodies to ensure that matters affecting the industry and the Nigerian banking public, such as the cashless society initiative, were effectively communicated. He said, "The association initiated the forum on the cashless society initiative in view of its far-reaching implications for the public, pointing out that a meeting of minds by the two bodies was crucial for effective information dissemination regarding the initiative. "The association is firmly committed to delivering on its core objective of being the collective voice of operators in the industry in all matters relating to public enlightenment and reputation management."
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